More Mixed Messages From Media Stocks

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U.S. financial markets enjoyed an overall boost on Wall Street today, with the Dow Jones Industrial Average improving 56.97 points, to 21,865.37. The Nasdaq composite index inched ahead 18.87 to 6301.89, as the S&P 500 gained 2.06, to 2446.30.


Key movers among companies in the media space include Veritone. The company’s stock soared 14% on Tuesday, to $15.04, for its best finish since launching its IPO. Volume was slightly above average at 288,300 shares.

The jump came as Quantum Corp. today announced aiWARE for Xcellis, an on-premise and cloud version of the artificial intelligence platform from Veritone.

Among the other activity seen with media stocks, Beasley Broadcast Group gained 1.6%, to $9.30, and Saga Communications improved by 0.5%, to $41.10.

On the downward track was Cumulus Media, dipping 5% to 38 cents.

Visit the Wall Street Report on the homepage of RBR.com for all of today’s closing prices.


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